Radian Group Inc. (NYSE:RDN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Radian Group Inc. (NYSE:RDN) have been given an average rating of “Moderate Buy” by the seven ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $40.80.

RDN has been the topic of several recent analyst reports. Weiss Ratings cut Radian Group from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday, January 13th. Barclays set a $40.00 target price on shares of Radian Group in a research note on Monday, February 23rd. Roth Mkm reaffirmed a “buy” rating and set a $45.00 price target on shares of Radian Group in a report on Friday, January 2nd. Keefe, Bruyette & Woods upgraded shares of Radian Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $42.00 in a research note on Wednesday, February 11th. Finally, Zacks Research raised shares of Radian Group from a “hold” rating to a “strong-buy” rating in a report on Friday, February 20th.

Hedge Funds Weigh In On Radian Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Radian Group by 178.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 476 shares during the last quarter. Financial Consulate Inc. bought a new position in Radian Group in the third quarter valued at about $29,000. Bessemer Group Inc. boosted its position in Radian Group by 66.7% in the third quarter. Bessemer Group Inc. now owns 795 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 318 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Radian Group during the 4th quarter valued at about $29,000. Finally, Geneos Wealth Management Inc. grew its stake in shares of Radian Group by 191.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 871 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 572 shares during the period. 95.33% of the stock is owned by institutional investors.

Radian Group Stock Performance

RDN stock opened at $33.93 on Monday. The stock’s 50 day simple moving average is $33.98 and its 200 day simple moving average is $34.68. The company has a current ratio of 3.40, a quick ratio of 3.40 and a debt-to-equity ratio of 0.23. Radian Group has a 12-month low of $29.32 and a 12-month high of $38.84. The stock has a market capitalization of $4.62 billion, a PE ratio of 8.18, a price-to-earnings-growth ratio of 1.83 and a beta of 0.80.

Radian Group (NYSE:RDN) last posted its earnings results on Wednesday, February 18th. The insurance provider reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Radian Group had a return on equity of 13.07% and a net margin of 46.99%.The business had revenue of $300.51 million during the quarter, compared to analyst estimates of $300.45 million. During the same quarter last year, the company earned $1.09 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. As a group, research analysts forecast that Radian Group will post 3.79 earnings per share for the current fiscal year.

Radian Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 10th. Shareholders of record on Monday, February 23rd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, February 23rd. Radian Group’s payout ratio is 24.58%.

About Radian Group

Radian Group Inc (NYSE:RDN) is a leading provider of private mortgage insurance and related risk management solutions in the United States. Through its primary subsidiary, Radian Guaranty Inc, the company underwrites borrower-paid and lender-paid mortgage insurance that protects lenders and investors from potential losses arising from borrower defaults. Radian’s core business focuses on supporting residential mortgage originations and servicing by offering capital-efficient credit protection and credit risk transfer strategies.

Beyond mortgage insurance, Radian offers an array of real estate transaction services under its Radian Title division.